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20121129
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period of lower rates further into the future we are not saying we expect the economy to remain weak until 2015. rather, we expect, as we indicated in our statement, that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. in other words, we want to be sure that the recovery is established before we begin to normalize policy. we hope that such assurances will reduce uncertainty and increased confidence among households and businesses, thereby providing additional support for economic growth and job creation. the u.s. economy continues to be hampered by the lingering effects of the financial crisis on its productive potential and by a number of headwinds that hindered cyclical adjustment of the economy. the federal reserve is doing its part by providing accommodative monetary policy to promote a stronger economic recovery in the context of price stability. as i said before, while monetary policy can help to support economic recovery, it is by no means a panacea for our economic ills. uncertainties ab
. it is is sapping the ability of the american economy to grow and it is topping -- zapping the ability of the average american to rise. until we look at the major core issues that are making the u.s. more attractive to business, we will go back to the fiscal cliff discussion over and over again. unless we can get our economy really moving and growing in the long run, these will just occur over and over again. we identified eight areas, as you mentioned, where we find there is broad consensus where we believe these things would really move the needle in a reasonable time frame, two, three, four years. there is some real bipartisan support. the first is the need of a sustainable budget compromise. that is widely accepted by all. two, easing on highly skilled immigration now. yes, when a broader immigration reform, but this is one of the abilities to really move rapidly to inject skills and to the economy and fill jobs badly need to be filled to sustain our growth. it is not a long-term solution and there, but it is a critical step we can take now that would really move the needle. we hav
to raise taxes on small businesses because it would damage the economy. now he thinks this economy is stronger than it was two years ago and we are in better shape to take the economic hit. it is an interesting question. if you go over the tax cliff and taxes are raised dramatically, the house would have our past -- will already have passed. on the sequester, i thought if republicans won the house and senate of the president say, since it -- sequestration would not happen. it denied give up any of the savings from the sequestered . but did so by impacted the pentagon less heavily than the sequestered it. but divided government, i think you get the question. president said he does not want to change the money for the pentagon. mitch mcconnell said we are not raising taxes to ransom the pentagon budget cuts. a lot of focus has been on the pentagon but these are more concerned about the $50 billion in domestic discretionary spending restraint every year. you did to the republican study committee. the announced all a thing worse than sequestration would not be having savings. this stam
in and complete college represent a barrier that i believe will ultimately injured our economy. not only that, but a rapid change in technological revolutions has created a spatial mismatch between the kinds of jobs that are going to be available going forward and the kinds of people who are able to take those jobs. that problem is most acutely seen in urban communities, which have been coming to your point, dealing with more basic concerns more so than trying to prepare and get ready and respond to changes in going forward. that is for those who are actually going to college and graduated. we have not even talked about those who are not. our young people are following what is going on. they are seen with their older friends are dealing with an understandably wonder about their prospects. we have to play -- pay close attention to that. i am a high art educator and i teach in a public university system. in the state where i teach, virginia, you see a number of state legislative budget cuts for colleges and universities throughout the commonwealth. a virginia is one of 8 states that have cut at
about the economy. >> when does this end? >> we have a plan. we are working on it. >> is getting worse. >> the people on top chose to look away. >> if the transactions are so useful, how come they brought down the financial system? >> my parents fight about money. >> i told my wife, this is not america. it is full of wonderful people. we will see if they can help us. >> it is tough on us. >> i will ask personal questions. do you smoke? curse? >> it is a question that has to be answered. >> you are very friendly. >> what is wrong with you? >> i do get it. >> you are simpletons. >> i ask you a simple question. >> did you think you would get away with that? >> that is an excellent question. >> you are you? >> how many times have you been indicted? >> do you have any friends? >> you have got it wrong. >> how does that make sense? >> what do you think is going on here. >> i am gay and jewish. >> what kind of republican are you? >> afghanistan. >> health care bill. >> the unemployment problem. >> we have got a lot more work to do. >> why is it taking so long? >> when we flew over this, i sai
come to a close. to many americans are out of work. our national debt exceeds the size of the economy and threatens to derail our children's future. as a mother, this is a constant worry. yet today we will honor the thanksgiving tradition with wishes of peace and grace. we will pray for those less fortunate. we will think of service members away from home and give thanks for them and their families. our hearts will go out to the families without power after hurricane sandy. we will look ahead to the holidays and a new year. that same spirit of optimism that brings us together today should inspire us all year round. that is why here, in washington, d.c., republicans have reached out to president obama in the hope of working together to help our economy grow and solve the debt that threatens our children's future. the clock is ticking. one month from now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on o
$2.30 trillion of our gross domestic product, money we could have added to this economy. we are now in a place where we are playing catch-up with countries that used to crave to be like us. it is so bad now that while our university systems are still where they should be in terms of reputation and attainment, no one from other countries want to send their kids over here to our k-12 schools. they do that there and then it they will say, will try some ivy league school. we need to seriously look at, what is it going to take to change that dynamic. in recent days, we have heard about the teachers' strike. i think that the big challenge we have, if we put ourselves in these partisan boxes and we force people when we talk about education to take sides -- the side that is never adequately represented in these discussions is kids. i just posted on my blog, i said, okay, how will it teachers' strike in chicago help kids? i got all these responses from people who love teachers, people who are mad at teachers. i had 40 people just immediately respond. no one answered that question. they start
for the fiscal future but also for the fact that our economy needs to get going. beginning to take steps to fixing the fiscal problems, the people we expect to reinvest in our economy are doing a great job. >> we had a president asking us for a blank check and he did not get this. and a big increase on job creators. we got the -- we got that. and we have been trying to get discretionary spending caps in loss since i have been here for 13 years. we have been introducing legislation for the last eight years to get caps on spending. we could not get this the last time the republicans were in the majority. we see this as a good step in the right direction. every cent down payment in the deficit and a huge change in the culture of spending. you are spending less money on this this year than last year. we have a long ways to go. we really do believe that the value of this republican majority will change this culture. we had the gephardt rule. no one would have to be seen voting for the budget resolution. we would do this in plain sight. >> the debate was long and it was not easy. and they have
of the modern economy? >> it is available. we can do better with it. they are facts like completion rates for the gi bill education are not as high as they ought to be. we can structure some of those programs better so that individuals who start school have the support mechanisms to finish an associate's degree or bachelor's degree if that is their goal. we can do better at that. there are well-intentioned programs that are not quite efficient or effective to this point as i hope there will be in the future. >> the university of iowa offers in-state tuition for returning veterans. i said to the president -- what is the impact on the campus? she said -- beyond my ability to describe it -- we have 200 of them here. they lifted the entire campus. as someone who went to the university of iowa -- i could have used that kind of mentoring and leadership at one point. we do not have to go do that again. paul, we talked about that. [laughter] that is value added when these young men and women come back and enter an academic or training program of some kind. >> i could not agree more. at my alma ma
Search Results 0 to 8 of about 9